2030 Water Resources Group Africa (IFC-600830)

Countries
  • Kenya
  • South Africa
  • Tanzania
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 27, 2015
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Governments of Kenya, South Africa and Tanzania
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 2.45 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 2, 2017

Disclosed by Bank Jun 8, 2016


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
This program aims to reduce the water demand-supply gap in select countries in Africa, currently focusing on South Africa, Tanzania and Kenya. The success of this program will be assessed against: - New instruments/solutions catalyzed through Multi Stakeholder Platforms (MSPs) and under implementation through third-parties - Partnerships: MSPs operational with established governance - Knowledge Development: Development of robust and scientific data and info, incorporating hydro-economic cost-, benefit- and risk-based analysis, to guide the development of solutions Instruments/solutions will include the launch of new financial products and structures (including via PPPs and other models), new third-party projects (e.g. for new technology uptake), and the enactment of policies, regulations, incentives, and institutional/governance reforms. Impacts will vary by country according to the specific solutions prioritized by the MSPs, but will always fall within the following four physical impact categories: - Reduced fresh water abstraction (cubic meters/ year) - Increased cost-effective water storage (cubic meters) - Increased agricultural water productivity (project level production ($)/ m3 used) - Reduced discharge of untreated waste water / polluted water (cubic meters/ year)
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

How it works

How it works